Dec-2021 Realistic SOFQ Exam Dumps with Accurate & Updated Questions
SOFQ Exam Dumps - PDF Questions and Testing Engine
ICMA SOFQ Exam Syllabus Topics:
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NEW QUESTION 27
A bond whose coupon rate increases at pre-specified dates and at a pre-specified interest rate is known as:
- A. A mortgage-backed security
- B. A floating rate note
- C. A step-up bond
- D. A convertible bond
Answer: C
NEW QUESTION 28
Internal trading systems typically do not:
- A. Hold the firm's current trading positions
- B. Reflect the firm's settled positions at CSDs/custodians
- C. Have the capability to amend and cancel trades
- D. Have the capability to capture new trades
Answer: B
NEW QUESTION 29
'ISO' stands for:
- A. International Organisation for Standardisation
- B. Intraterritorial Organisation of Securities
- C. Invention of Standards for Organisations
- D. Intercontinental Symposium of Organisations
Answer: A
NEW QUESTION 30
The two choices for the settlement method utilised within a securities market are:
- A. Tumbling Settlement' and 'Continuing Settlement'
- B. 'Rolling Settlement' and 'Account Settlement'
- C. 'Continuing Settlement'and'Account Settlement'
- D. 'Account Settlement1 and Tumbling Settlement'
Answer: B
NEW QUESTION 31
A firm executing a securities trade in the capacity of agency broker intends:
- A. To take a securities position, and not to remain market risk neutral
- B. To take a securities position, and to remain market risk neutral
- C. Not to take a securities position, and to remain market risk neutral
- D. Not to take a securities position, and not to remain market risk neutra
Answer: B
NEW QUESTION 32
DTC - the central securities depository for US equities is the abbreviation for:
- A. Depot Transaction
- B. Depository Trust Company
- C. Deposit and Trade Conglomerate
- D. Depot for Trades Corporation
Answer: B
NEW QUESTION 33
An example of an organisation classified as a sovereign wealth fund is:
- A. China Investment Corporation
- B. German Government
- C. United Nations
- D. Xerox Corporation
Answer: A
NEW QUESTION 34
The divisors applicable to the calculation of bank interest are:
- A. EUR = 365, USD = 360, GBP = 365
- B. EUR = 365, USD = 365, GBP = 360
- C. EUR = 360, USD = 360, GBP = 365
- D. EUR = 360, USD = 365, GBP = 360
Answer: C
NEW QUESTION 35
The term 'SSI' stands for:
- A. Standard Securities Instruction
- B. Standing Settlement Instruction
- C. Securities Standing Instruction
- D. Settlement Standard Instruction
Answer: B
NEW QUESTION 36
Bond types that are traded at a deeply discounted price are:
- A. Zero coupon bonds
- B. Floating rate notes
- C. Convertible bonds and Exchangeable bonds
- D. Fixed rate bonds
Answer: A
NEW QUESTION 37
The following are examples of money market instruments:
- A. Zero coupon bonds and Floating-rate notes
- B. Fixed-rate bonds and Step-up bonds
- C. Commercial Paper and Certificate of Deposit
- D. Convertible bonds and Mortgage-Backed Securities
Answer: C
NEW QUESTION 38
The integrity of internal books & records for securities is proven by ensuring:
- A. The total ownership position is equal to the sum of open and closed trades with counterparties
- B. The total settled position is equal to the sum of open and closed trades with counterparties
- C. The total ownership position is equal to the sum of the settled positions plus/minus open trades with counterparties
- D. The total settled position is equal to the sum of open trades and trades with a future value date
Answer: C
NEW QUESTION 39
The type of organisation that provides securities underwriting services is known as a
- A. Insurance company
- B. Pension fund
- C. Investment bank
- D. Commercial bank
Answer: C
NEW QUESTION 40
A bond which pays interest semi-annually quotes its interest rate:
- A. Relative to a period of 6 months
- B. Relative to a period of 3 months
- C. Relative to a period of 24 months
- D. Relative to a period of 12 months
Answer: D
NEW QUESTION 41
FTM Levy is charged:
- A. On UK equity trades where the gross consideration is in excess of GBP 10,000.00
- B. On US equity trades where the gross consideration is USD 10,000.00 and below
- C. On UK equity trades where the gross consideration is GBP 10,000.00 and above
- D. On US equity trades -where the gross consideration is in excess of USD 10,000.00
Answer: A
NEW QUESTION 42
A 'put' option on a bond allows:
- A. The bondholder to redeem their bonds prior to the bond's scheduled maturity date
- B. The stock exchange to force the bondholder to redeem the bonds prior to the bond's scheduled maturity date
- C. The bond issuer to force redemption of bonds prior to the bond's scheduled maturity date
- D. The regulator to force the issuer to redeem the bonds prior to the bond's scheduled maturity date
Answer: A
NEW QUESTION 43
A cash amount of GBP 5,909,658.47 lent on a Thursday until the second Monday (just over 1 week later) at a rate of 2.973%, would attract:
- A. 9 days of interest and a cash interest amount of GBP 4392.35
- B. 7 days of interest and a cash interest amount of GBP 3369.48
- C. 11 days of interest and a cash interest amount of GBP 5294.89
- D. 13 days of interest and a cash interest amount of GBP 6344.51
Answer: C
NEW QUESTION 44
A bond which permits the issuer to redeem the bond prior to its maturity date is known as a:
- A. Demandable bond
- B. Requestable bond
- C. Askable bond
- D. Callable bond
Answer: D
NEW QUESTION 45
IPO' stands for:
- A. International Private Offering
- B. Initial Public Offering
- C. Integrated Post Offering
- D. Inclusive Pre Offering
Answer: B
NEW QUESTION 46
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